Gold Spot / U.S. Dollar
Updated

XAUUSD 1 HOUR TIME FRAME

245
XAUUSD (Gold/USD) 1-hour chart
Key Elements on the Chart
1. Price Level:
Current price around $3,586.48.
2. Imprtant Zones/Markings:
3600 ATHs (All-Time High Supply Area): Resistance near $3,600.
Two-side scenario line: Neutral pivot zone near $3,586–3,590.
POL (Point of Liquidity) around $3,550–3,560: A demand zone where liquidity might rest.
BOS (Break of Structure): Shown multiple times, confirming bullish structure breaks.
FVG (Fair Value Gap): Below, around $3,500–3,520.
Scenario Analysis
The chart is showing two possible scenarios:
Bullish Case
If price breaks above $3,600 ATHs, continuation towards $3,620+ is possible.
Market structure remains bullish with BOS confirmations.
Bearish Case
If price fails at $3,600 and rejects, it could drop:
First stop → $3,560–3,562 liquidity zone
If broken, deeper retracement into the Fair Value Gap $3,500–3,520.
Bullish bias above $3,562 (target $3,600 → $3,620).
Bearish bias if candle closes below $3,560 (target $3,520 zone).
Trade closed: target reached
Congratulations guys our buy side chart analysis has been hit with along 370 pips moves in buy position

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